Like pre-nuptials, post-nuptials are also popular and similar, with the difference being when they are signed, as pre-nuptials are signed before the marriage, and post-nuptials are signed after the marriage. Post-nuptial protects the financial rights and interests concerning the marital property and assets if the couple plans to get divorced. It is like a roadmap as to what would happen in case of divorce and how things may turn out to be. A thorough layout of the couple’s assets, debts, properties, and other finances and how they should be protected. Sometimes, couples have already decided, while others may have not talked about it. We understand it may or may not be awkward for many, as finances can be a sensitive subject.

When Financial Circumstances Change

We all know that circumstances change, and financial situations and interests no longer remain the same. Sometimes, one partner may stop working or open a business in a marriage. Financial circumstances may change; one spouse may win a lottery, or their financial situation may deteriorate. Everything must be considered, as what may happen in the future is unpredictable. In the case of children from previous marriages, it is essential to protect children’s future and financial rights. There are several benefits to going for a post-nuptial agreement, as no two circumstances are the same.

  • Protect financial assets and property

A post-nuptial protects an individual’s assets and property and their sole decision to divide it among their partners. If one partner has significant personal assets and wishes to keep them separate, it may happen in case of divorce. Moreover, it even defines how jointly earned assets and property can be divided, which can prevent disputes and costly legal battles.

  • Both spouses get a sense of clarity 

When a couple signs the post-nuptial agreement, it gives both partners a sense of clarity with finances in case of a divorce. How will the assets inherited remain with the partner who inherited them or be divided? Any financial debt incurred before the marriage or after remains the responsibility of one partner or both are cleared up. So, in case of divorce, both partners don’t have to fight over the finances as the process itself is overwhelming. Divorce is a tough road and can drain physically and emotionally. Setting out a roadmap gives assurance and mental peace as everything is already sorted in an unfortunate event, such as divorce.

  • Builds trust and communication

Often, finances are discussed, but issues or points of contention remain unresolved. The talks are put off for later or swept under the carpet and linger around forever. Finances are complex and simultaneously a sensitive subject in terms of responsibilities. Having a comprehensive dialogue and a complete plan in case of unfortunate and unforeseen events is the most appropriate thing. It clearly defines and protects the interests of both spouses during tumultuous periods. This assures both spouses that their separate and joint finances are handled well.

Our attorneys have served clients over the years and worked in their best interests. Our attorneys have years of experience protecting clients’ financial and legal rights. Our team can assist you with all questions and concerns you may have now or through the entire legal process. We will support you and work with your best interests in mind. So, schedule an appointment with Shaffer Family Law at (480) 470-3030 today.

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